Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1887-03-26

~ -1V N - eooo0e ooaoctsoo "
nes1a Z. - sppos.snsn. % ne
eseneef ~ lsa1hG depsetmsnts Of the
~ n4qey1p1l eovssnneet q New York.
: ss66sssa - NJ Baylss said:
- . - sioss i ospksi were soms.
oueoe g ooeeoeoA always available
{ - - goeftonoWtnG But capital rep.
osS y n.os euildineA machinery. pat
1oe GeoSnl ~ Hock q corporation.
- On9o0e0eat Whieh made manufsctur.
oeto0o0s Iroos Faroly sufnces 70
- = . eAo heodi evea during the life Of
~ 4e1sess,ca wniea Nv u begun. Ordin
- = - g carry, and the instances are
avoey ~ N the worlds industrial
ey = VAieA plant adapted to supply
9vWo q 90 geneeokion y suited 10 meet
veno 6 she nexe For this rsaeou, the
- = always opsa 10 skill. enterprise, and
lnoN AND STEEL WORKS.
have besa led 10 thsse reflections BY .
Ng0Gul oad Woro o. le0 thorough study Of
49, ooo0lllooo q SUCCESS In the msnuHacture
~ Aua 81 seeeL The history OF the iron.in.
4 GunoEy a. thiD country shows most strikinsly
I - how many coaditiooA other than the
eaes1S 80 ee0poazy importance Of Iron.
uaneoisaEy So sxamins IL ststistics in detail
- n 0enerel, nnrtAee than to note that they
'eh0W 0feduAl an0 faafly steady westward
peo0fco q ne wave OF Iron. production. 1t
,ses nss So sss 1900 S..Sit,oo. s Of success. in
reaneoo In he woods Of Rev England and
~ Middle statoA end dependent Tor an out.
~ upon The haulage Of their product over
sosdaEoy @ country roads; and in rolling
vsAoep power 70 drive thslr rolla The census.
! eabQlaficos 1ce 1850 place the geographical
0o.00 q iroo- o-productaons In western Penn.
QlvnA eeYoad the Alleghsniss and the
oevesop0cos = eho South stnce the census
point z. far west and south q Pittsburg.
tn. onintng OF the geo9raphical centre Of
peooucooo means gradual but irresistible
change In the conditions Of success in iron
80 e senr Srsassss snd coosroiiins M
1e4 11Reeo eoen6 lor very littiS
L.ss - = 1c.soe.a - = - kesPlAQ up1 h. pro-
s.ssz : eisse = sSosa Seassss s. sss :;::: e q: e
- 6noe 11o Deeusal territorial sourcos of
~ suPP!y Aoe she No.thesst arc the
Ss~ M -! Eneiana ssss,S New York: New Jersey
rhat these sources have not made much -
r. N production in the past ten lsan
aicased by The f.ce that yithla sM
proportion Of the total 1el
e: ssSalsE ess g = o sSp IS per- 81
q 70 supply the increassd consumption oS the
mslIsss While . many AM % q our soosi ssf iusnscs. U.
etand Idle. unable TO produce as present
prices. These facts aSe significant - showing
that the large capitals of the old, established
ifoo.works Of the northeastern states do not
give them any conspicuous advantage in
composition, - against better natural ad.
vantages elsewhere offered. In fat, their
large capitals are the heaviest burdens they
are staggering under.
TENDENCY TOWARD SMALLER PLANTS.
The steel industry IL still comparatively
new one In this country, and We have, q yet,
witnessed NO great change In its geogrsph.
ical centre OF production. Even the young.
eat In our membership can remember, not
It's beginning, perhaps, but its initial tri.
umphs in the production Of grades OF srseI
that could safely challenge comparison
with foreign makeA But during this brief
period We have seen some surprising happen.
lnga Sman capitals have grown, and large
nothing. Great establishments have been or
GAntDed which, because OF their greatness
hAve ALLEN 70 pieces almost before thew be.
g.1 production and small beginnings ju.
~ ot sSd Se,I.It Ianaged have bseI
financial succec1 The changes Of the next
twenty years, though impossible OF predic.
uoo, are nkely 70 DO quite q important q
tnose o. tno past twenty years In the steel.
change which 10 probably but the prelude 70
one still more marked. Its beginnings are
easily recalled and its history is fslilisr.
Certainly II shows that courage and enter
and the prestige OF past success No indIstry
hes seemed 70 6e 20 completely Q monopoly
Of large capitals ~ steel.rail making, The
olgger the convertess and the more OF them,
TIE better seemed the chances Of success
tioo. and the moro tons Of rails q mil could
turn oue In year the greater the apparent
e6curity OF the investments 1t looks now r.
y the snAll plant were more desirable than
me large one and four. ton converters seem
70 be more convenient and desirsble properly
than hfteen'ton converterx During the next
few years We are likely to see Beasemer
muis puut and run as Departments of works
2, sIia. medium sizs = rolling mills might have
there are doubtless some large Besssmer
piants, representing an enormous invest,
msnt which could be bought for a verv
small part OF their original cost but which
sh.ewd business men would care to take Is q
Grafton for term OF years.
COMBINATION AND CONSOLIDATION.
But il NO ono need be deferred from en-
tering iron and steel making by the sppa.
rent impregnability Of the great capitals
which stand like fortidcations along the
niehways OF industrial enterprise, still less
neeo ne lear those gigantic Organizations ef.
iScted by combination and consolid.tion
..u .oso oitsn tnan otherwise these consOiids.
lions are brought about in the hons ~ sho.
lng up enterprises which cannot stsnS .io'.a
They are very formidable on paper. hut ,ha',
are apt 70 ialt to pieces suddenIv thronsh,Sy
weakness OF their component nsvts 1o
nave watched the formation OF rsvarsi ".
consolidations In the Iron trade bnt IN ..a saSa
case they have failed to accom- piish the ohta!y
ior which they were formed, and soon.
later they have gone the Way of Ali hnSh,o.
Wnicn owe their expansion 70 the elastic;tv y,
IN extremely tenuous film. VI
In other and allied industries. va sna -.
son TO doubt that, In this couptrv M Iaas,
Misunderstanding u, In any sense. the moror
Oily OF large capital Those who own or co.,
troll vast establishments are likelv IN irs,s,
that, through the advantages Of lsrrer canitsi
ana the control OF plant In which everv An.
plience to. economlxing the cost Of MAJ no
ana hanoitpg has been provided. thew car
make and sell cheaper than their smali com.
psutorh Tor the reason that while Their csst
PER TON or pox piece v le0 than II wonld M
With less perfect appliances, thew have m i'm.
portant advantage In the fact that thsir inci.
dental expe0sooI being divided into 4 larCsr
product eh0w les percentage per Ton or
pr piece than IN the OaSe OF The SmsII 6sctorv
Ihose who Iced the trade CONSEQUENTLY sffsct
70 beiteve that the tendency 70 70 mSke ths
Ereet ccocorng gpoatog and iho emali ooncarns
.nnelIee on0 ~ oumoeous ! that within 4
~ years produott0n and distribution Nm
y oonsrolled ~ Q tow tmmonso oorporn.
lonA and that tie smallor nulHoturer! nm.
lbie 70 oo0peeA Will Giv0 M M nnrnnsI /
loo9eo6 On The Othog hand. tha asnsli mn